Australia to scrap carbon tax for emissions trading

Australia will drop its carbon tax and replace it with an emissions trading scheme sooner than had been planned.
Under the current carbon tax system which went into effect in July 2012, the country’s top 500 polluters were charged $22 for each ton of carbon emitted into the atmosphere, increasing to about $23.40 next year. It was to remain in place until 2015, when it would be replaced by an ETS scheme………………………………………..Full Article: Source